NICE Holdings Co (XKRX:034310) ROCE % : 178.33% (As of Mar. 2024)

View and export this data going back to 2004. Start your Free Trial

What is NICE Holdings Co ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. NICE Holdings Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 178.33%.

NICE Holdings Co ROCE % Historical Data

The historical data trend for NICE Holdings Co's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

NICE Holdings Co ROCE % Chart

NICE Holdings Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

14.01

7.86

10.88

9.11

6.54

NICE Holdings Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															0.13	10.77	13.25	-3.14	178.33

NICE Holdings Co ROCE % Calculation

NICE Holdings Co's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	101031.098	/	( ( (3378563.521 - 1828895.173)	+	(3484123.286 - 1945000.586) )	/ 2 )
	=	101031.098	/	( (1549668.348	+	1539122.7)	/ 2 )
	=	101031.098	/	1544395.524
	=	6.54 %

NICE Holdings Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	2733906.468	/	( ( (3484123.286 - 1945000.586)	+	(3398880.785 - 1871820.178) )	/ 2 )
	=	2733906.468	/	( ( 1539122.7	+	1527060.607 )	/ 2 )
	=	2733906.468	/	1533091.6535
	=	178.33 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

NICE Holdings Co (XKRX:034310) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

NICE Holdings Co ROCE % Related Terms

Thank you for viewing the detailed overview of NICE Holdings Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

NICE Holdings Co (XKRX:034310) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » NICE Holdings Co Ltd (XKRX:034310) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

17, Eunhaeng-ro, Yeongdeungpo-Gu, Seoul, KOR

Website

http://www.nice.co.kr

NICE Holdings Co Ltd is engaged in the financial services domain. The Korea-based firm conducts capital market activities including credit rating, corporate information, individual credit information, automatic teller machine (ATM) management, credit card settlement, marketing research, distressed-debt dealing and investment, asset management, as well as real estate rental business.

NICE Holdings Co (XKRX:034310) Headlines

No Headlines